EURJPY

EURJPY closed @ 13305 which was BELOW the open and was within prior day's trading range. The High was 5 pips from Precise Trader's Res Tgt 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 2.   The Hourly Oscillators are MIXED and the price is Within the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways while 13395 holds and Daily Trend is Sideways Down while 13740 holds, so expect the price  to be Choppy with a Downside bias.   The  Price  has closed  exactly at the Sup  Zone 1 . EUR  is  Flat  with a mixed  bias and JPY is Flat with a mixed  bias , so  both cross should drag  EURJPY  Sideways  or remain quiet .  The  Hourly  has been in a Range trading and expect a choppy trading until the breakout happens on at least one of the cross ,should not trade above 13370-95  to maintain the bearish outlook . On the 5 min is  choppy but along the gradual  Up  Channel  and patterns are not clear in the near future. We have no view until the breakout happens. FOMC rate announcement today.

BULLS:   13190   13100          BEARS:   13370   13455    

Conservative Traders:  SIDELINED or strictly trade only at Precise Trader's Report Levels.          

Aggressive Traders :  SIDELINED or strictly trade only at Precise Trader's Report Levels.              

GBPJPY

GBPJPY closed @ 14850 which was ABOVE the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Tgt 1 and the Low was 5 pips from Precise Trader's Sup Tgt 2.   The Hourly Oscillators are MIXED and the price is Within the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways while 14690 holds and Daily Trend is Sideways Down while 15330 holds, so expect the price  to be Choppy with a Upside bias.   The  Price  has closed  exactly at the Res  Zone 1 and the bulls gaining mildly  towards  the  close. GBP is Flat with a Strong  bias  and JPY is Flat with a mixed bias , so  GBP should drag  GBPJPY in the direction of the break or remain quiet .The  Hourly is in a Range trading  with a Upside bias and expect a choppy session until the breakout ,  the price should not trade above 14775-14690   to maintain the bullish outlook . On the 5 min is Choppy and  patterns are not clear in the near future. We have no view until the breakout happens. FOMC rate announcement today.

BULLS:   14675   14540          BEARS:   14940   15000    

Conservative Traders:  SIDELINED or strictly trade only at Precise Trader's Report Levels.          

Aggressive Traders :  SIDELINED or strictly trade only at Precise Trader's Report Levels.          

AUDJPY

AUDJPY closed @ 8155 which was UNCHANGED from the open and was within prior day's trading range.  The High was PRECISELY at Precise Trader's Res Tgt 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 2.   The Hourly Oscillators are MIXED and the price is Within the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways while 8265 holds and Daily Trend is Sideways Down while 8530 holds, so expect the price  to be Choppy with a Downside bias.   The Price has  closed  within  Zone 1 with the bulls and bears were Flat at the close . AUD  is  Flat with a  Strong bias  and JPY  is Flat with a mixed  bias   , so both the cross should drag AUDJPY in the direction of the break  or remain quiet. The  Hourly  is in a Range trading  and expect a choppy session until the breakout, the price should not trade above 8205-65  to maintain the bearish outlook. On the 5 min is Choppy  and the patterns are not clear in the near future. We have no view until the breakout happens. FOMC rate announcement today.

BULLS:   8065   8005   7925       BEARS:   8225   8350    

Conservative Traders:  SIDELINED or strictly trade only at Precise Trader's Report Levels.          

Aggressive Traders :  SIDELINED or strictly trade only at Precise Trader's Report Levels.